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Coming Up:
Rick Bechtel Joins City National Bank's Executive Leadership

Bechtel to serve as EVP of Mortgage & Residential Lending

People On The Move
UWM Sets Record Q1 Purchase Volume Of $22.1 Billion In Latest Earnings

UWM's purchase volume saw a 7% increase from last quarter and a 15% increase YOY.

Wholesale
Analysis and Data
May 09, 2024
The Interest
loanDepot Reports Eighth Consecutive Quarterly Loss

Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.

Analysis and Data
Mortgage Applications Increase 2.6% Over Week Prior

Latest MBA survey shows purchase and refinance applications still lagging, with 17% and 6% respective decreases YOY

Analysis and Data
Price Complexity On Transactions Leads Consumers To Pay More

CFPB study finds junk fees impede fair and competitive pricing for mortgages.

Analysis and Data
Planet Home Lending Brings On Paul Walker As CFO

Walker formerly served as Chief Financial Officer at Mortgage Assets Management, LLC, and Supreme Lending.

People On The Move
How InstaAI Transforms Loan Officers' Efficiency And Performance

By building a first-of-its-kind GenAI solution, InstaMortgage continues to redefine industry standards

Former Better.com Executive Ends Whistleblower Lawsuit

After a series of legal setbacks, Sarah Pierce dismisses remaining claims of retaliation and defamation.

Courts
Northeast Sees Highest Price Gains, Lagging Inventory

Meanwhile, Texas and Florida see slower home price appreciation due to inventory gains, CoreLogic reports.

Analysis and Data